Kosmos Energy (NYSE:KOS) Price Target Lowered to $10.00 at Barclays

Kosmos Energy (NYSE:KOS – Get Rating) had its target price dropped by investment analysts at Barclays from $10.75 to $10.00 in a report issued on Wednesday, The Fly reports. The firm currently has an “overweight” rating on the oil and gas producer’s stock. Barclays‘s price objective indicates a potential upside of 56.99% from the stock’s previous close.

KOS has been the subject of a number of other reports. TheStreet downgraded Kosmos Energy from a “b-” rating to a “c” rating in a report on Monday, February 27th. Peel Hunt assumed coverage on Kosmos Energy in a research note on Friday, March 10th. They issued an “add” rating and a $8.94 price objective for the company. Benchmark reissued a “buy” rating and issued a $10.00 price objective on shares of Kosmos Energy in a research note on Tuesday, February 28th. StockNews.com cut Kosmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 27th. Finally, Bank of America cut Kosmos Energy from a “buy” rating to a “neutral” rating and cut their target price for the company from $10.00 to $9.60 in a research report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $130.51.

Kosmos Energy Trading Up 2.6 %

Shares of KOS stock opened at $6.37 on Wednesday. The company has a market cap of $2.93 billion, a P/E ratio of 13.27, a PEG ratio of 1.30 and a beta of 2.77. The stock has a 50 day simple moving average of $7.51 and a two-hundred day simple moving average of $6.67. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.58 and a current ratio of 0.82. Kosmos Energy has a fifty-two week low of $4.64 and a fifty-two week high of $8.55.

Kosmos Energy (NYSE:KOS – Get Rating) last issued its earnings results on Sunday, February 26th. The oil and gas producer reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $563.72 million during the quarter. Kosmos Energy had a return on equity of 66.00% and a net margin of 9.85%. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Research analysts forecast that Kosmos Energy will post 1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KOS. PNC Financial Services Group Inc. boosted its position in Kosmos Energy by 143.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,579 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 2,110 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Kosmos Energy in the fourth quarter worth $27,000. Dark Forest Capital Management LP purchased a new position in Kosmos Energy in the second quarter worth $31,000. Captrust Financial Advisors boosted its position in Kosmos Energy by 50.1% in the first quarter. Captrust Financial Advisors now owns 4,394 shares of the oil and gas producer’s stock worth $32,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Kosmos Energy in the first quarter worth $45,000. Hedge funds and other institutional investors own 87.13% of the company’s stock.

About Kosmos Energy

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Kosmos Energy Ltd. engages in the exploration, development, and production of oil and gas. The firm’s assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a gas development offshore Mauritania and Senegal. It also maintains a sustainable exploration program balanced between proven basin infrastructure-led exploration, emerging basins, and frontier basins.